Malaysian Deputy Finance Minister says GST will not be reimposed

On December 7, the Malaysian Deputy Finance Minister II Mohd Shahar Abdullah, while replying to a question by an opposition leader in the Malaysian Parliament stated that Malaysian government was not  thinking to reintroduce the Goods and Services Tax. 

“On whether we will reintroduce the GST, the Ministry of Finance is focusing on three things; to take care of the health of the people, to ensure economic recovery and resilience. 

“Reintroducing the GST is not among the latest options as we are looking at all options available,” he said 

“The Finance Minister is also committed to moving forward and is drafting a framework on how to increase government’s revenue swhich includes improving governance by introducing a Fiscal Responsibility Act,” he added. 

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